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ASML CEO sees low-cost AI models like DeepSeek driving more demand
Without addressing the specifics of DeepSeek's model, ASML CEO Christophe Fouquet told CNBC he sees no sign of a slowdown in demand for AI chips.
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China's DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday. Without addressing the specifics of DeepSeek's newly revealed R1 model — which took the tech world by storm with performance benchmarks rivalling leading U.S. players at a fraction of the cost — Fouquet said that he sees no sign of a slowdown in demand for AI-focused chips. Growing awareness of DeepSeek's new model caused a severe slump in technology stocks this week, amid concerns of a possible retrenchment in spending on the powerful graphics processing units required to train and run AI workloads.
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